Overall unemployment rate moved down to 5.7% with the biggest shift in Government, which gained 19,700 roles, based on the most recently available information published in November 2021.
Total employment in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD market rose by 9,640 jobs in September and the unemployment rate decreased compared to the prior month by 100 bps to 5.7%. The national unemployment rate decreased by 72 bps over the same time to 4.6%.
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD unemployment rate is 114 bps above the national rate which is a negative sign.
- Unemployment in the market is 190 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September versus prior month by 3.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Education & Healthcare: 646,700; +14,400
- Transportation & Utilities: 519,100; +3,600
- Business Services: 461,200; -4,800
- Government: 325,800; +19,700
- Restaurants & Hotels: 224,800; -8,400
- Financial Services: 216,400; -2,200
- Manufacturing: 175,300; -300
- Construction, Mining: 122,500; +500
- Other Jobs: 105,600; -1,300
- IT & Development: 52,700; -100
Data is based on the most recent 12 months available, through September 2021 (Data published November 2021 and reports created on November 3, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.